Rogers Communications (TSE:RCI.B) Price Target Increased to C$72.00 by Analysts at BMO Capital Markets

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective boosted by BMO Capital Markets from C$68.00 to C$72.00 in a research note published on Monday morning, PriceTargets.com reports.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their price target on Rogers Communications from C$72.00 to C$78.00 in a research note on Thursday, July 22nd. TD Securities started coverage on Rogers Communications in a research note on Thursday, September 9th. They set a buy rating and a C$74.00 target price on the stock. UBS Group set a C$66.00 price target on Rogers Communications and gave the stock a neutral rating in a report on Thursday, July 22nd. Royal Bank of Canada cut their price target on Rogers Communications from C$77.00 to C$76.00 and set an outperform rating on the stock in a report on Thursday, July 22nd. Finally, Canaccord Genuity reiterated a buy rating on shares of Rogers Communications in a report on Wednesday, September 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rogers Communications currently has an average rating of Buy and a consensus price target of C$70.29.

Rogers Communications stock opened at C$60.58 on Monday. The company has a debt-to-equity ratio of 193.78, a current ratio of 0.78 and a quick ratio of 0.63. Rogers Communications has a 12 month low of C$50.68 and a 12 month high of C$67.59. The stock has a market capitalization of C$30.59 billion and a PE ratio of 18.84. The business has a 50 day simple moving average of C$64.28 and a 200-day simple moving average of C$62.43.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Friday, October 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, September 8th. Rogers Communications’s dividend payout ratio is currently 62.19%.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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Analyst Recommendations for Rogers Communications (TSE:RCI.B)

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